from Hacker News

Microsoft-backed Builder.ai enters insolvency proceedings

by upupupandaway on 5/20/25, 3:49 PM with 4 comments

• by stephen_hn on 5/20/25, 4:57 PM

  They've raised 450m according to this article. Their site mentions 250m raised in 2023. Even if your plan is growth or bust, how do you burn through 250m in two years without thinking 'Maybe we should plan to keep 50 or 100m for more than 2 years as an emergency fund'?

  I'm just wondering if these guys have no financial literacy or just are really optimistic and want to burn through the cash to give them the best chance?

  I kind of doubt of spending money at that rate does give them the best chance, but maybe they do.